Tinder scales back its plans for dating in the metaverse

Don't expect to find a Tinder date in the metaverse any time soon. The Verge reports Match Group chief Bernard Kim has asked Tinder's Hyperconnect unit (acquired in 2021) to scale back its metaverse dating plans. In his shareholder letter, Kim said "uncertainty" about success with virtual worlds required that the team "not invest heavily" in the metaverse. Match further blamed the Hyperconnect purchase for a $10 million operating loss in the latest quarter where it made a $210 million operating profit in the same period a year earlier. The company is also taking "a step back" on plans to introduce its in-app Tinder Coins following questionable test results, Kim said.